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Property profile & analytics
OFF-MARKET Estimated value $510,000
Manufacturing properties

2120 Main St Albemarle, NC 28001-5424

42,190 SF 1.87 ac lot Built 1937
Individually Owned ~ Est. High Equity
Property ID
US53-0981674
Property summary
AI-generated overview

This expansive commercial property, located at 2120 W Main Street Unit B, Albemarle, NC, presents a significant investment opportunity. The building boasts a substantial 42,190 square feet of space, divided equally between a lower and upper level. The lower level, encompassing approximately 21,095 square feet, features office space and is equipped with a fully functional heating and cooling system. The upper level, mirroring the lower level's square footage at approximately 21,095 square feet, currently has some heating but lacks air conditioning. This presents a unique opportunity for customization and tenant improvements to suit a variety of commercial uses. The property sits on a generous 1.37-acre lot, providing ample space for expansion, parking, or outdoor activities. Its strategic location on the west side of Albemarle offers convenient access to Charlotte, situated only a 30-minute drive away via the four-lane Highway 24/27 and I-485. The property is zoned LID, offering flexibility for various commercial ventures. Priced significantly below a recent appraisal, this property represents exceptional value for a discerning investor seeking a substantial commercial space with significant upside potential. The building's size and location make it ideal for a wide range of businesses.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1937
Total area 42,190 SF
Lot 1.87 ac (81,457 SF)
Zoning code LID
APN 653804517172
UPID US53-0981674
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Smith Novelty Co Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$665k
CAP Approach CAP
by Request
Comparable Approach Comparable
$355k
Blend (final) Blend
$510k
Owner & transaction history
John Presley Richardson
John Presley Richardson
since 2026
2 recorded transactions
2026
$300,000
2026
Price N/A
Zoning & alternative use
LID · Albemarle, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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